Maya Advance — What Is This and How To Apply For This?

Here’s what you need to know about Maya Advance

MAYA ADVANCE – This article will teach you about one of the features of the Maya Business app and the steps on how to apply for this.

A Maya Advance is one of the features in the Maya Business app where pre-qualified Maya Center agents can apply for a loan in order to add to their funds.

You need to have a Maya Business app that has been in use for at least three months and has a continuous transaction flow, have average commissions of at least PHP 2,000 in the past three months, and have a good credit record in order for you to be pre-qualified to apply for this.

Maya Advance — What Is This and How To Apply For This

How to apply?

The first thing to do is to open a Maya Business app and tap “Wallet”, select “Loans”, read the Data Privacy Notice and then tap “Proceed”.

Next, you need to select “Maya Advance”, view the loan offer amount, and then tap “Apply”. After that, you need to review the loan offer, select the reason or purpose for the loan, and then tap “Next”.

You need to read and understand the “Truth and Transparency in Lending” before tapping “Accept”. From there, you need to review the application details before tapping “Confirm”, read and understand the Terms & Conditions before tapping “Accept”, and then enter the OTP (One-Time PIN) sent to the Maya Business app registered cellphone number.

You can check the status of your application on the “My Loan” tab once you have submitted your application.

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